Canada
Loonie Approaches Parity For First Time Since July 2008 Amid Job Growth Canada’s dollar traded almost equal
to the U.S. currency for the first time since July 2008 after a
government report showed the nation’s employers added more jobs
last month than economists forecast.
Canada Added More Jobs Than Forecast in February; Unemployment Rate Falls Canada created more jobs than
expected in February and the jobless rate fell to a 10-month
low, cementing Prime Minister Stephen Harper’s view that the
country’s economic recovery is under way.
Potash Corp. Climbs After Increasing Forecast for First-Quarter Earnings Potash Corp. of Saskatchewan Inc.
rose 6.9 percent in New York trading after boosting its forecast
for first-quarter profit amid rising demand for crop nutrients.
Canadian Borrowers Poised to Issue the Most Debt Since 2006: Canada Credit Canadian corporations are on a pace
to issue the most debt during a first quarter in four years as
they seek to take advantage of low borrowing costs before the
central bank begins raising interest rates.
Yara Rules Out Raising $4.1 Billion Terra Offer After CF Makes Higher Bid Yara International ASA, the largest
publicly traded nitrogen-fertilizer maker, said it wouldn’t
raise a $4.1 billion offer for Terra Industries Inc., leaving
the way clear for rival suitor CF Industries Holdings Inc.
Canadian Oil Sands Trust, Goldcorp, TransCanada: Canadian Equity Preview Shares of the following companies
may have unusual moves in Canadian trading. Stock symbols are in
parentheses.
Canada Firms Should Go Abroad as Currency Hedge, Conference Board Says Canadian firms should invest abroad
to hedge against the “extreme volatility” the country’s dollar
has displayed in recent years and the government should help
them do it, a report said today.
Crude Oil Rises as Dollar Weakens, IEA Boosts Outlook for Global Demand Crude oil rose toward $83 a barrel
in New York, poised for a second weekly gain, as the dollar
weakened and the IEA bolstered its outlook for oil demand.
Alberta to Reduce Oil, Gas Royalties in January 2011 to Boost Production Alberta, home to the largest oil
reserves outside the Middle East, said it will reduce its take
from oil and natural gas production starting next January in a
bid to spur exploration.
Canada's Parliamentary Budget Officer Page Sees Slower Deficit Reduction Canada’s budget deficit will narrow
at a slower pace than projected by Finance Minister Jim Flaherty
as growth of corporate income tax revenue lags and higher
interest rates increase the cost of servicing debt, the
country’s budget office said.
Twin Lahore Blasts Leave 53 People Dead, 95 Injured, Rescue Service Says Two suicide bombers attacked an
army convoy in Pakistan’s Lahore, killing at least 53 people and
injuring 95 in the second attack on the city this week, police
and rescue services said.
WTC Captive Reaches Settlement of 9/11 Claims by Rescue, Recovery Workers WTC Captive Insurance Co., a
victims’ fund set up after the Sept. 11, 2001, terrorist
attacks, reached a settlement of as much as $657 million with
10,000 workers claiming respiratory illness stemming from rescue
and recovery efforts at the World Trade Center site.
Fat Surgery Urged for Obese Kids May Boost Allergan Sales, Trim Liability David Ludwig, director of the
obesity program at Children’s Hospital Boston, was against
weight-loss surgery for kids, he says, because it ignored the
real problem, a “toxic environment” jammed with junk food.
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